Filing Deadlines

The same deadlines for 1099 forms and W-2 forms apply to the 1095 forms. For instance, 2015 tax year filing is required by:

Feb 1, 2016 for employee forms

Feb 29, 2016 for IRS reporting on paper forms

Mar 31, 2016 for IRS reporting via e-file

Penalties

For the 2015 tax year, incorrect filings will not be penalized as long as employers and insurers file on time and make a good-faith effort to comply.
In the future, penalties can be as large as $250 per form and up to $3 Million for non-compliance.